HS Icon Electrical switch, protector, connecter for < 1kV nes

853690 (Harmonized System 1992 for 6-digit)

World Trade (2018): $34.4B, Rnk 69 / 4726

Top Exporter (2018): $7.34B, China

Top Importer (2018): $4.66B, Hong Kong

Product Complexity (2018): 0.69, Rnk 1318 / 4873

Export Growth (CAGR)(2017 - 2018): 1.78%, Rnk 3673 / 4726

Mean Tariff (2018): 7.92%, Rnk 2866 / 6538

Share of World Trade (2018): 0.19%, Rnk 69 / 4726

Overview:  This page contains the latest trade data of Electrical switch, protector, connecter for < 1kV nes. In 2018, Electrical switch, protector, connecter for < 1kV nes were the world's 69th most traded product, with a total trade of $34.4B. Between 2017 and 2018 the exports of Electrical switch, protector, connecter for < 1kV nes grew by 1.78%, from  $33.8B to $34.4B. Trade in Electrical switch, protector, connecter for < 1kV nes represent 0.19% of total world trade.

Exports: In 2018 the top exporters of Electrical switch, protector, connecter for < 1kV nes  were China ($7.34B), Japan ($4.8B), Germany ($3.95B), United States ($3.18B), and France ($1.27B).

Imports: In 2018 the top importers of Electrical switch, protector, connecter for < 1kV nes were Hong Kong ($4.66B), China ($3.4B), United States ($2.91B), Mexico ($2.64B), and Germany ($2.24B).

Tariffs: In 2018 the average tariff for Electrical switch, protector, connecter for < 1kV nes was 7.92%, been the 2866 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Electrical switch, protector, connecter for < 1kV nes are Bahamas (40.2%), Iran (28.8%), Algeria (27%), Maldives (25.4%), and Bangladesh (25%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), United Arab Emirates (0%), China (0%), and Hong Kong (0%).

Ranking: Electrical switch, protector, connecter for < 1kV nes ranks 1318th in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): China, $7.34B

Top Destination (2018): Hong Kong, $4.66B

Electrical switch, protector, connecter for < 1kV nes are the world's 69th most traded product.

In 2018, the top exporters of Electrical switch, protector, connecter for < 1kV nes were China ($7.34B), Japan ($4.8B), Germany ($3.95B), United States ($3.18B), and France ($1.27B).

In 2018, the top importers of Electrical switch, protector, connecter for < 1kV nes were Hong Kong ($4.66B), China ($3.4B), United States ($2.91B), Mexico ($2.64B), and Germany ($2.24B).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): China, $630M

Top Destination Growth (2017 - 2018): United States, $986M

Between 2017 and 2018, the exports of Electrical switch, protector, connecter for < 1kV nes grew the fastest in China ($630M), United States ($306M), Spain ($277M), Morocco ($269M), and Italy ($229M).

Between 2017 and 2018, the fastest growing importers of Electrical switch, protector, connecter for < 1kV nes were United States ($986M), Germany ($528M), Hong Kong ($236M), South Korea ($182M), and Vietnam ($179M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Electrical switch, protector, connecter for < 1kV nes.

In 2018,  market concentration measured using Shannon Entropy, was 4.24. This means that most of the exports of Electrical switch, protector, connecter for < 1kV nes are explained by 18 countries.

Explore Visualizations

TOP NET EXPORTER (2018): China, $3.94B

TOP NET IMPORTER (2018): Hong Kong, $4.3B

This map shows which countries export or import more of Electrical switch, protector, connecter for < 1kV nes. Each country is colored based on the difference in exports and imports of Electrical switch, protector, connecter for < 1kV nes during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Electrical switch, protector, connecter for < 1kV nes were China ($3.94B), Japan ($3.63B), Germany ($1.71B), Italy ($461M), and Chinese Taipei ($435M).

In 2018, the countries that had a largest trade value in imports than in exports of Electrical switch, protector, connecter for < 1kV nes were Hong Kong ($4.3B), Mexico ($1.78B), Vietnam ($1.14B), India ($304M), and Thailand ($257M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Electrical switch, protector, connecter for < 1kV nes. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

Explore Forecasts

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Electrical switch, protector, connecter for < 1kV nes was 7.92%.  The countries with the highest tariffs for importing Electrical switch, protector, connecter for < 1kV nes were Bahamas (40.2%), Iran (28.8%), Algeria (27%), Maldives (25.4%), and Bangladesh (25%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.